https://www.taxtmi.com/highlights?id=65500 Area Based exemption - slump sale agreement - In essence, the slump sale agreement and the MOU are but a method employed to claim the benefit of the exemption notification for the pharmaceuticals manufactured by the assessee in its own plant beyond the maximum permissible period of ten years. Thus, paying about Rs. 25 lakhs under the slump sale agreement, the assessee has claimed exemption from duty beyond ten years of about Rs. 23 crores. - Demand with penalty confirmed - AT en-us Wed, 07 Sep 2022 07:05:23 +0530 Wed, 07 Sep 2022 07:05:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=65500 Area Based exemption - slump sale agreement - In essence, the slump sale agreement and the MOU are but a method employed to claim the benefit of the exemption notification for the pharmaceuticals manufactured by the assessee in its own plant beyond the maximum permissible period of ten years. Thus, paying about Rs. 25 lakhs under the slump sale agreement, the assessee has claimed exemption from duty beyond ten years of about Rs. 23 crores. - Demand with penalty confirmed - AT Highlights Central Excise Wed, 07 Sep 2022 07:05:23 +0530 https://www.taxtmi.com/highlights?id=65500